AC Milan sold to Chinese-backed consortium

Adriano Galliani (C), CEO of Italian Serie A football club AC Milan, arrives at a notary's office where representatives of Fininvest, the Silvio Berlusconi's holding, and representatives of Chinese consortium Sino-Europe Sports (SES), are meeting today on April 13, 2017 in Milan. A new era in Italian football was hailed today after AC Milan were sold to Rossoneri Sport Investment Lux, formerly known as Sino-Europe Sports (SES), in a deal which sees the Chinese-led consortium take a 99.9 % stake in the club.
Milan, the seven-time European champions who are Italy's most succcessful club at international level, have been owned since 1986 by Silvio Berlusconi, a former three-time Prime Minister of Italy.
/ AFP PHOTO / MIGUEL MEDINA

Serie A giants AC Milan were sold to Rossoneri Sport Investment Lux on Thursday in a deal which sees the Chinese-led consortium take a 99.9% stake in the club.

The seven-time European champions who are Italy’s most succcessful club in international competition, have been owned by former three-time Italy prime minister Silvio Berlusconi since 1986.